Member Info for jonjo

PS the share capital even at 10% charge is worth FO at current valuation especially at a 90m debt

Trading has fallen off a cliff and if you don't know you REALLY don't know!!!

Davenham

For your sake but I suggest you set yourself a price close to the current one 5p or 6p or perhaps even more but whatever it is this is a suckers rise and by the end of June or close to that certainly within a matter of weeks/months this share will delist or see the bank pull or indeed MBO. Think it through, look at the debt and declining revenues and don't rely on a sustained large rise IMO in any event I really do hope I am wrong and you make shed loads of money or at least get your original investment back!!

LOL !!!!!!!!!!!!!!!!!!

Your answers are rude, I'll thought out and bring nothing to this BB It may be that Tenon was the No.7 accountancy firm but I seriously doubt that to be the case now As for turnaround how is it going to reduce the debt on lower revenue less fee generation from operative staff Oh and try to reply with facts not quotes from obscure non relevant people if you can

whose complaining? These are the facts and the SP reflects that I would have more respect for your comments if you backed them with some detail or facts such as "how are they going to pay off the debt mountain with falling revenues"? and you cannot deny that the loss of the teams in the Midlands, Milton Keynes and London is a huge blow!

They lost the London and Milton Keynes insolvency team last month which would have been a major blow as they contributed to turnover and profit and have now set up in competition just like Carl Jackson so more turnover stripped away - can see the group reducing T/o to below £100m

My reason for getting out of this share is that the main talent is running for the hills and it is my understanding that this will de-list - all rumour of course but to be frank if Lloyds don't take a severe haircut this is going only one way. I would rather be outside looking in at the moment and if they do manage to pull off a deal with the bank then follow any rise.

Hope they give you a good redundancy pay off when it falls over As I said we will see

I presume you are an employee or director or manager of the company with your one post on this BB? its amazing how many 1 post posters suddenly leap to the defence of this company when someone has the temerity to post an alternative view. I am not an employee and the only frustration I have with your company is the total miss management that has occurred over the last few years. A restructuring specialist that is now having to restructure itself, and an accountancy firm that historically cant get its own accounts right. For the record I see the bank pulling its line or taking a severe haircut and this company delisting within 3 months - lets see who is right after then! We will see what happens As for the profit that's not enough to pay the interest on the 15% portion of the ridicules borrowing agreed for the supposed turnaround. I see nothing laughable about either this company or indeed its past or current management team and if you want an example of how to get a business model wrong - this is it. Incidentally making large revenues again is not the issue - when they did have revenues of consequence they buggered it up, IMO the financial market, banks etc. will not forget what happened and I would lay a strong bet that a lot of there current and past customers/banks/professionals will not forgive or forget very easily so to say they have there work cut out on revenue and servicing debt is an understatement!!!

surviving much longer, surely the levels of debt will catch up with them soon

Declining Income and debt mountain = debt forgiveness plan or write off or deal to delist with a managements plan and the banks support or a sell off (fire style)

either the bank takes a massive debt for equity swap writing down the loans or it is taken private via a de list - just cannot see how they can trade through the current levels of debt!

Thanks for the precise answers - nice for a change to get reasoned comment on here as opposed to the rantings of some posters with no investment!! For what its worth - and in hindsight - BJ was a poor investment which now intergrated is so invisable in the business as to bring very little to return value - if it was visible and leading the charge to justify its £70m plus price tag it could still be spun off IMO but it has dissapeared into the minefield of the accounting processes. Such a shame really as if spent on organic growth just think what this company could have become? - Sigh!!

interesting that it has been moved to trade and other payables and also being a public company that this was not mentioned in an RNS unless I am missing such an announcement? It also strikes me as a considerable addition to the current debt for the company in the sum of £6,877k and given the poor performance of the company (by the previous management) one wonders why the partners of BJ are not prepared to write it off. I am aware that part of the deal for BJ involved taking on debt or tax liabilities that BJ had (I may be wrong in this) - is this the parters payment or past debt repayment I wonder?

interested to know where it appears as a liability in the accounts recheduled or otherwise!!

be interested in knowing if anyone (sensible) could answer is what the position is with the Bently Jennison deal? As you may remember BJ was purchased for a consideration of £76.3m but I seem to remember that part of this was either deffered or still to be paid to the BJ partners. looking at the accounts I can see no reference to any liability specific to that deal or indeed any notes on the accounts pointing to the liability. I am surprised that if they fully own the company that they do not simply spin the company off to reduce overall debt however I suspect that there is a significant liability still owed - does anyone know the answer???

Actually I am very well up on both the industry and the sector and the company. As for your being a vetran of the industry I dont know how far past it you now are but you seem to know nothing about this company or the industry itself. Be interested to hear your views on a recent former director leaving the company and setting up his new practice? or the recent departure of other IP's or maybe your knowledge does not run to that? As for slanderouse statements - there is nothing that I have commented on which is not available to someone doing proper research and I am entitled to my veiw on this site - question for you then - are you invested here or just a mouthpeice for the partners? in otherwords facts please come up with some real factual comment or "Jog On" as people here have real financial interests to consider. PS companies do not drop 30% on nothing!!

So your compairing a accountancy/insolvency company with a cruise line - great example!! Fact - This is a company that preports to know what it is doing and advises its clients on issues such as solvency yet cannot get its own accounts in order or report them correctly and has to make provisions as a result of that. They are £90m in debt having paid well over the odds for an aquasition and have a falling turnover and market share. The banking boards dont like them - the life blood of this market niche The insolvency teams are wholesale jumping ship and they are (reportedly) in talks with other practices for a sale There share price has collapsed and they have little room for manouver The more talented members of the practice have left setting up there own practices so they have loss of fees and increased competition and they dress this up as streamlining - LOL This will delist or be sold within weeks or at most months Lastly you may consider investment as a game - I do not - try backing your comments up with some facts as to why this company will turn matters around rather than bland and slightly nice but dim statements